Balance of plant and machinery account on 01/04/2020 and on 31/03/2021 were ₹51,45,000 and ₹61,85,000 respectively. Depreciation charged on the plant and machinery ₹7,71,750. If during the year one old machine costing ₹5
CS Executive · Cost and Management Accounting · PYQS · December 2021
Balance of plant and machinery account on 01/04/2020 and on 31/03/2021 were ₹51,45,000 and ₹61,85,000 respectively. Depreciation charged on the plant and machinery ₹7,71,750. If during the year one old machine costing ₹5,00,000 (WDV ₹2,35,000) was sold for ₹3,15,000, then purchase of plant and machinery during the year would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Fixed Assets
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